JOBS REPORT SMASHES EXPECTATIONS — UNEMPLOYMENT FALLS TO 7.7%http://www.businessinsider.com/the-november-jobs-report-2012-12/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Fri, 09 Dec 2016 08:51:00 -0500Joe Weisenthalhttp://www.businessinsider.com/c/50c62ac5ecad04ad2a00000bSmitty PAMon, 10 Dec 2012 13:32:37 -0500http://www.businessinsider.com/c/50c62ac5ecad04ad2a00000b
Myth.http://www.businessinsider.com/c/50c61f1269beddbf1c000009Michael SilvaMon, 10 Dec 2012 12:42:42 -0500http://www.businessinsider.com/c/50c61f1269beddbf1c000009
Hi John, where do you think the money comes to pay for those great paying jobs? The government doesn't produce a product for a profit, so it takes taxes. Therefore, more government jobs, more is needed in tax revenues and that will not just come from the "2%" percenters.http://www.businessinsider.com/c/50c61ea56bb3f7147a000001Michael SilvaMon, 10 Dec 2012 12:40:53 -0500http://www.businessinsider.com/c/50c61ea56bb3f7147a000001
Yes, the private sector jobs are low paying. However, those nice government jobs aren't.http://www.businessinsider.com/c/50c61e6e69bedd0017000010Michael SilvaMon, 10 Dec 2012 12:39:58 -0500http://www.businessinsider.com/c/50c61e6e69bedd0017000010
Simply, they're not private sector jobs. Government jobs require what? That's right tax revenue. Government doesn't make a profit, it just takes profit, kinda of like the Mafia.http://www.businessinsider.com/c/50c5f5d6eab8ea184c000003BeaverdaleJasonMon, 10 Dec 2012 09:46:46 -0500http://www.businessinsider.com/c/50c5f5d6eab8ea184c000003
It is also true that the majority of the Obama jobs created since he has been in office have been low paying jobs.http://www.businessinsider.com/c/50c5f599ecad044c42000041BeaverdaleJasonMon, 10 Dec 2012 09:45:45 -0500http://www.businessinsider.com/c/50c5f599ecad044c42000041
Foodstamps Soar By Most In 16 Months: Over 1 Million Americans Enter Poverty In Last Two Months!http://www.businessinsider.com/c/50c3347769bedd5d7a000001PapaSwampSat, 08 Dec 2012 07:37:11 -0500http://www.businessinsider.com/c/50c3347769bedd5d7a000001
There is a lower percentage of workforce participating in the labor market than in 1985....
<a href="http://research.stlouisfed.org/fredgraph.png?g=dAK" target="_blank" rel="nofollow" >http://research.stlouisfed.org/fredgraph.png?g=dAK</a>http://www.businessinsider.com/c/50c2beabeab8eabb5600000bSmitty PAFri, 07 Dec 2012 23:14:35 -0500http://www.businessinsider.com/c/50c2beabeab8eabb5600000b
Your point?http://www.businessinsider.com/c/50c2bcdfecad046d31000002Smitty PAFri, 07 Dec 2012 23:06:55 -0500http://www.businessinsider.com/c/50c2bcdfecad046d31000002
Exhibit A: g3: "What is Good ? 17 million Under employed... ".
TO ALL, in 2014 remember the assholes who were genuinely ticked off whenever things were improving for the country.http://www.businessinsider.com/c/50c2b516ecad048722000004John FransonFri, 07 Dec 2012 22:33:42 -0500http://www.businessinsider.com/c/50c2b516ecad048722000004
Assuming that's true, those are great jobs. Why anyone would cite that as a negative is beyond me.http://www.businessinsider.com/c/50c28b3a69bedd466500000fg3Fri, 07 Dec 2012 19:35:06 -0500http://www.businessinsider.com/c/50c28b3a69bedd466500000f
What is Good ? 17 million Under employed, 8.5 million part time workers, 8 million have stopped looking for work, and get ready for the next couple months when 99 weeks is up for millions more.
And as explained this morning by the labor Department polling guy. If you worked one (1) Hour a week you are EMPLOYED!! This is a continual game for mullets I guess as the truth is there for those interested in the truth. It seems 51% of our country likes selling their vote so they can hear "All Rosy today and better tomorrow" I am not a radical Republican nor a Leftist with my head in the sand, I am just fed up with Ignorance Lies and Stupidity. Anyone who even remotely believes this egotistical Hitler wannabe we have for a President has any idea how to create jobs must either put the pipe down for a while or check in to a Hospital. We have watched this kind of socialism for 75 years Fail repeatedly. PLEASE give us one example of a successful Socialist Government that survived. Please tell us what the difference is between the US and Greece today
is besides they are a 3-4 years ahead of us on stupidity. Lastly I know you are aware China stopped buying our debt, but yet we are borrowing 5 Billion each day Over what comes in from Taxes. Do you think Mexico is now loaning us money ?. Obviously not, which means we are simply printing 5 Billion each day which does what to the USD's in your bank account ?.
Wake up!!http://www.businessinsider.com/c/50c283cb6bb3f7b22e000001g3Fri, 07 Dec 2012 19:03:23 -0500http://www.businessinsider.com/c/50c283cb6bb3f7b22e000001
I am sick of bogus BS out of DC, Nothing but a bunch of yes men and women catering to a madman that like Hitler truly believes he is the 2nd coming. ENOUGH of the Ignorance, Lies, Scams and Cheats!!http://www.businessinsider.com/c/50c263bfecad04250700001chow obvious?Fri, 07 Dec 2012 16:46:39 -0500http://www.businessinsider.com/c/50c263bfecad04250700001c
Ummmm....you do know that the "47%" includes ANYone who receives ANY benefits from the government, whether they live of them or not, right? To name just one example, if you are still working but are past SS retirement age and are getting a SS check (for which you've been paying into the system for 40+ years, I might add), you're part of the 47%.
And many, many, many of the people who do live off of government benefits also live in the South, the Midwest, the Southwest, the Northwest, the West....you know, all the parts of the country. Not just the areas hit by Sandy.
And finally, I'd surmise that a big reason Sandy didn't impact job numbers is that for all the people who were laid off, there were just as many people hired in temporary roles to clean up and start rebuilding.http://www.businessinsider.com/c/50c25c916bb3f74b5f00001aMichael SilvaFri, 07 Dec 2012 16:16:01 -0500http://www.businessinsider.com/c/50c25c916bb3f74b5f00001a
73% of the jobs created where government jobs.http://www.businessinsider.com/c/50c221016bb3f7e96f000014Smitty PAFri, 07 Dec 2012 12:01:53 -0500http://www.businessinsider.com/c/50c221016bb3f7e96f000014
As I expected, gnashing of teeth on good news for the country.http://www.businessinsider.com/c/50c20de1eab8ea9f4f000021JoJFri, 07 Dec 2012 10:40:17 -0500http://www.businessinsider.com/c/50c20de1eab8ea9f4f000021
.
Last month's BI/Weisenthal headline read: "JOBS REPORT CRUSHES EXPECTATIONS AT 171K" But now, one month later, we see that the 171k number has been revised way down to 138k. So last month's "crushing beat" was bogus. As Lance Roberts concluded in a rather extensive analysis last month (link below), "...either the BLS has information that the rest of the economic reports are missing or there was an intentional skewing of the data for the election."
Links to referenced articles:
"Crushes" -- <a href="http://www.businessinsider.com/the-october-jobs-report-2012-11" target="_blank" rel="nofollow" >http://www.businessinsider.com/the-october-jobs-report-2012-11</a>
"Roberts" -- <a href="http://www.businessinsider.com/ism-employment-black-helicopters-2012-11" target="_blank" rel="nofollow" >http://www.businessinsider.com/ism-employment-black-helicopters-2012-11</a>http://www.businessinsider.com/c/50c20089eab8eaa02f00001fCaptain ObviousFri, 07 Dec 2012 09:43:21 -0500http://www.businessinsider.com/c/50c20089eab8eaa02f00001f
And you know that many of those in that area are part of the 47% that live off of government benefits (SS disability, SNAP - aka food stamps, etc) so they are not counted as unemployed in the first place.http://www.businessinsider.com/c/50c2006e69bedd851200000bDisabledFri, 07 Dec 2012 09:42:54 -0500http://www.businessinsider.com/c/50c2006e69bedd851200000b
Likely another month where the number applying for SSI disability will exceed the number of jobs created, and "poof" they are out of the labor force.http://www.businessinsider.com/c/50c1ffd7ecad042c48000018Viola PerryFri, 07 Dec 2012 09:40:23 -0500http://www.businessinsider.com/c/50c1ffd7ecad042c48000018
Germany just pulled off another miracle. Germany is excluded from this mess and as my family said. The USA needs to clean their own front door steps first before pointing fingers at those countries they have ruined with their Goldman Sachs banks.http://www.businessinsider.com/c/50c1ffc26bb3f73632000014Glass HousesFri, 07 Dec 2012 09:40:02 -0500http://www.businessinsider.com/c/50c1ffc26bb3f73632000014
No its true, I got a job! It pays 80% less then what I was making before, it doesn't have any benefits, but we'll hope no one in the family gets sick. We'll make it though cause guess what? I got a second job too! Both together can't cover basic living expenses, so the misses has two jobs as well! We're able to cover all the utility bills and rent as long as we keep the thermostat at 55 degrees here in Wisconsin. Its not a bad life, we get our clothes from good will, poor timmy died last year because you know you have to have money for medicine, but we thank the lord for our blessings.http://www.businessinsider.com/c/50c1ffb0ecad041148000033OhioFri, 07 Dec 2012 09:39:44 -0500http://www.businessinsider.com/c/50c1ffb0ecad041148000033
Perhaps we should get ready for showtime when all the folks who stopped looking are counted... and the number still goes down... until then.. these numbers are uselesshttp://www.businessinsider.com/c/50c1ff5069beddb80c000017PKFri, 07 Dec 2012 09:38:08 -0500http://www.businessinsider.com/c/50c1ff5069beddb80c000017
500,000 people disapeared from the labor force....this is not a positivehttp://www.businessinsider.com/c/50c1fe7cecad040246000032Viola PerryFri, 07 Dec 2012 09:34:36 -0500http://www.businessinsider.com/c/50c1fe7cecad040246000032
These lies are amazing! Might as well report we have 0 % unemployment. Here locally, a town of 100,000
The Military Post let 8,700 employed go. One only imagine what damage this will do to the economy. Also most furniture stores are closing, businesses that have been there for a half of century. Drive thru Austin and see the many empty or boarded up store fronts, scary and unsightly. Could not look worse than in Guatamala or any 3 rd world country.http://www.businessinsider.com/c/50c1fe36eab8eae32f000001Doug24SevenFri, 07 Dec 2012 09:33:26 -0500http://www.businessinsider.com/c/50c1fe36eab8eae32f000001
540,000 LEAVE the labor force. I guess they all won the lottery.http://www.businessinsider.com/c/50c1fde8eab8ea962a000020oak111Fri, 07 Dec 2012 09:32:08 -0500http://www.businessinsider.com/c/50c1fde8eab8ea962a000020
Yesterday: Initial Claims = 370K
Today: Nonfarm + Nonfarm private payrolls = 292K
And the Unemployment rate is going down to 7.7%? Does this make any sense?
<a href="http://finviz.com/calendar.ashx" target="_blank" rel="nofollow" >http://finviz.com/calendar.ashx</a>http://www.businessinsider.com/c/50c1fcd769beddfd06000028smoke and mirrorsFri, 07 Dec 2012 09:27:35 -0500http://www.businessinsider.com/c/50c1fcd769beddfd06000028
About a month ago on the late night radio talk show coast to coast am with george norry , catherine austin fitts said the unemployment in america is in the area of 23 to 25 % and this fits with the economic conditions that can be seen across america ie 46 million on food stamps, cities and counties and states in financial trouble, etc. etc., the u.s. gov lies about everything from the unemployment to the wars, and is the ministry of truth as in orwells 1984, black is white, up is down, right is wrong, and WAR IS PEACE.http://www.businessinsider.com/c/50c1fc08eab8ea6d2500001a1100ccFri, 07 Dec 2012 09:24:08 -0500http://www.businessinsider.com/c/50c1fc08eab8ea6d2500001a
The source of the "improvement" was (1) a drop in labor participation of 540,000 and (2) a significant number of jobs in the retail sector that are almost certainly seasonal only. Don't throw any victory parties yet Mr. President.
<a href="http://www.zerohedge.com/news/2012-12-07/146000-jobs-added-november-beat-expectation-85000-unemployment-rate-lower-77" target="_blank" rel="nofollow" >http://www.zerohedge.com/news/2012-12-07/146000-jobs-added-november-beat-expectation-85000-unemployment-rate-lower-77</a>http://www.businessinsider.com/c/50c1fbc7ecad04d243000008tonymascia1Fri, 07 Dec 2012 09:23:03 -0500http://www.businessinsider.com/c/50c1fbc7ecad04d243000008
"Smashes"?
Really?http://www.businessinsider.com/c/50c1faefeab8eaaa22000016John McCallFri, 07 Dec 2012 09:19:27 -0500http://www.businessinsider.com/c/50c1faefeab8eaaa22000016
Here is an article that explains why the unemployment rate has recovered so poorly since the “end” of the Great Recession and how the American unemployment picture is likely to look following future recessions:
<a href="http://viableopposition.blogspot.ca/2012/12/the-new-employment-reality.html" target="_blank" rel="nofollow" >http://viableopposition.blogspot.ca/2012/12/the-new-employment-reality.html</a>http://www.businessinsider.com/c/50c1fa0669bedd4e04000002Anton OlffFri, 07 Dec 2012 09:15:34 -0500http://www.businessinsider.com/c/50c1fa0669bedd4e04000002
The bottom line is that the ONLY number people, history, will remember is the 7.7%, not the downward revisions or how the number was calculated.
This gives Obama a lot of good press and the ability to win politically on the fiscal cliff. Let's see how the economy looks in a year from now.http://www.businessinsider.com/c/50c1f978eab8ea5722000012Dean JohnsonFri, 07 Dec 2012 09:13:12 -0500http://www.businessinsider.com/c/50c1f978eab8ea5722000012
Great news.
You have to love the US government manipulates data. Buried in the report is this The change in total nonfarm payroll employment for September was revised from +148,000
to +132,000, and the change for October was revised from +171,000 to +138,000.
In other words, jobs were overstated by 16,000 in September, and 33,000 in October. No one pays attention to this. It is like counting the jobs twice. 49,000 overstated in the prior two months and now the same jobs make up 49,000 of the 61,000 beat. US Government magic.http://www.businessinsider.com/c/50c1f85becad04563d000008kramhFri, 07 Dec 2012 09:08:27 -0500http://www.businessinsider.com/c/50c1f85becad04563d000008
Look what happened to the housing market after the government backed home loans to the low wage workers. When Obamacare kicks in with the taxes and fines many of those unfilled jobs will melt away. If you are a business, you still need to be able to earn a profit to stay in business. Yes, extending long paid vacations for a year or more does not work out so well. Those unfilled jobs do not require a 4 year degree and lots of debt that the government keeps pushing on younger people.http://www.businessinsider.com/c/50c1f76d6bb3f75c25000005Walter WhiteFri, 07 Dec 2012 09:04:29 -0500http://www.businessinsider.com/c/50c1f76d6bb3f75c25000005
Gibberish. The denominator in this rate calculation has been rendered meaningless. Are you really Gary Anderson posing as mje?http://www.businessinsider.com/c/50c1f6ce69beddcb7400001eDJRFri, 07 Dec 2012 09:01:50 -0500http://www.businessinsider.com/c/50c1f6ce69beddcb7400001e
Joe,
Words fail me in regards to your blatant attempts at cheerleading this economy and administration.
Did you happen to see WHY the unemployment rate fell? It was was because once again, more and more individuals are dropping out of the labor markets.
No wonder you work at a feeble market news re-seller. Your journalistic skills are minimal at best.http://www.businessinsider.com/c/50c1f68069beddea79000002PapaSwampFri, 07 Dec 2012 09:00:32 -0500http://www.businessinsider.com/c/50c1f68069beddea79000002
Table A-9 not seasonally adjusted...down near the bottom..full time vs part time. Loss of 500,000 full time jobs. Gains were in part time.
Table A-1 not in labor force nears 90 million.....http://www.businessinsider.com/c/50c1f5de69beddd77100001ejaydgFri, 07 Dec 2012 08:57:50 -0500http://www.businessinsider.com/c/50c1f5de69beddd77100001e
you're in some kind of Obama-type deep denialhttp://www.businessinsider.com/c/50c1f4ff6bb3f7b31e000016Randy CrossFri, 07 Dec 2012 08:54:07 -0500http://www.businessinsider.com/c/50c1f4ff6bb3f7b31e000016
To be revised down by 70% next week....http://www.businessinsider.com/c/50c1f4e96bb3f79d1c00001dGuru EduardoFri, 07 Dec 2012 08:53:45 -0500http://www.businessinsider.com/c/50c1f4e96bb3f79d1c00001d
Oh oh.....Jack Welsh is going to go all conspiratory theory on us again...lolhttp://www.businessinsider.com/c/50c1f4b8ecad04f138000006Nick L NYCFri, 07 Dec 2012 08:52:56 -0500http://www.businessinsider.com/c/50c1f4b8ecad04f138000006
There were low wage jobs in 1999 & 2000 as well.. There are actually more high paying jobs and many going unfilled due a very large skills gap that should be addressed but hasn't been. Extending benefits for longer than the standard period was probably the single worst thing.http://www.businessinsider.com/c/50c1f457eab8eab61a000001Nick L NYCFri, 07 Dec 2012 08:51:19 -0500http://www.businessinsider.com/c/50c1f457eab8eab61a000001
No, read the report again, over the past two months, the labor force increased & the number of employed persons full time increased by 1.3 million. That is really good. It explains the very strong auto sales, the underreported strength in the housing market, why rents have been surging for the past two years (up at least 15% in the NYC/NJ metropolitan area).
Soon we will be reading reports 'predicting' the first rate increase and words like 'economic soft landing' & 'measured rate increases' will be the topics of the Fed meetings.http://www.businessinsider.com/c/50c1f3a669bedd7c74000001Nick L NYCFri, 07 Dec 2012 08:48:22 -0500http://www.businessinsider.com/c/50c1f3a669bedd7c74000001
How do you come to that conclusion and really extending benefits over & over was a disincentive not to look for work thus creating a vicious circle where in the end one becomes unemployable.http://www.businessinsider.com/c/50c1f367eab8eacf10000028Nick L NYCFri, 07 Dec 2012 08:47:19 -0500http://www.businessinsider.com/c/50c1f367eab8eacf10000028
Oh please, there are fewer job cut "announcements' now than in 1999 & 2000 when the UE rate was 4.x%..
People get laid off, they move on and usually find better or comparable jobs.http://www.businessinsider.com/c/50c1f3066bb3f77a1e000001JimboFri, 07 Dec 2012 08:45:42 -0500http://www.businessinsider.com/c/50c1f3066bb3f77a1e000001
Too bad that anyone unemployed longer than 6 months is dropped from the list. Keep up the good work comrades!http://www.businessinsider.com/c/50c1f28c6bb3f75518000027jaydgFri, 07 Dec 2012 08:43:40 -0500http://www.businessinsider.com/c/50c1f28c6bb3f75518000027
so 350K LEFT the job market and unemployment goes down.. that's after they REVISE the previous months numbers DOWN. THEY CAN'T EVEN COUNT THE GOVERNMENT JOBS CORRECTLY AS THEY REVISED THOSE DOWN 38K
and people are buying the spin that the economy is getting better we live in a nation of complete morons
<a href="http://online.wsj.com/article/SB10001424127887324705104578151601554982808.html?mod=googlenews_wsj" target="_blank" rel="nofollow" >http://online.wsj.com/article/SB10001424127887324705104578151601554982808.html?mod=googlenews_wsj</a>http://www.businessinsider.com/c/50c1f261eab8ea410e000043OrcaFri, 07 Dec 2012 08:42:57 -0500http://www.businessinsider.com/c/50c1f261eab8ea410e000043
Obama re-elected...more Americans give up hope of finding a job.http://www.businessinsider.com/c/50c1f20969beddfe6800000amjeFri, 07 Dec 2012 08:41:29 -0500http://www.businessinsider.com/c/50c1f20969beddfe6800000a
It shows the economy is doing relatively well and Keynsian economic policy works. America as 7.7 % unemployment and Austerity Europe has 11.7 % unemployment. Also, this number maybe understated. Biderman of Trim Tabs claims + 200,000 in November.
The conclusion is that expansionary fiscal policy in a depressed economy is expansionary and contractionary fiscal policy is....contractionary.http://www.businessinsider.com/c/50c1f115ecad04c12d00001cEconomistFri, 07 Dec 2012 08:37:25 -0500http://www.businessinsider.com/c/50c1f115ecad04c12d00001c
So let's break it to you - Who really believes these numbers? What's the real unemployment rate in the US?http://www.businessinsider.com/c/50c1f0ceecad045f3000000ajoeinmiamiFri, 07 Dec 2012 08:36:14 -0500http://www.businessinsider.com/c/50c1f0ceecad045f3000000a
Not even a hurricane hitting the most populated area of the country effects payrolls even the slightest. Wow!http://www.businessinsider.com/c/50c1f0cbecad044330000011kramhFri, 07 Dec 2012 08:36:11 -0500http://www.businessinsider.com/c/50c1f0cbecad044330000011
A nation full of part-time low wage jobs will not buy homes and other goods.http://www.businessinsider.com/c/50c1efc669bedd1169000002DuhFri, 07 Dec 2012 08:31:50 -0500http://www.businessinsider.com/c/50c1efc669bedd1169000002
Meaningless number anymore, due to the push by businesses to hire part time to avoid Obamacarehttp://www.businessinsider.com/c/50c1ef936bb3f7a91100003eWright WingnuttFri, 07 Dec 2012 08:30:59 -0500http://www.businessinsider.com/c/50c1ef936bb3f7a91100003e
Damn Chicago guys!http://www.businessinsider.com/c/50c1ef3f6bb3f71616000001John MccallFri, 07 Dec 2012 08:29:35 -0500http://www.businessinsider.com/c/50c1ef3f6bb3f71616000001
Here is an article that explains why the unemployment rate has recovered so poorly since the “end” of the Great Recession and how the American unemployment picture is likely to look following future recessions:
<a href="http://tinyurl.com/ao4d3at" target="_blank" rel="nofollow" >http://tinyurl.com/ao4d3at</a>http://www.businessinsider.com/c/50c1ed0b6bb3f74d0d00001bjaydgFri, 07 Dec 2012 08:20:11 -0500http://www.businessinsider.com/c/50c1ed0b6bb3f74d0d00001b
we should call it the "Joe Skew".. So it's now Sandy's fault? We all knew we were heading up after the election, Sandy or no Sandy.
Shocking that we dipped under 8% just before the election.
Wake up peeps, you are being twisted and turned by the Obama Monarchy.http://www.businessinsider.com/c/50c1e97a6bb3f7160b00000bjshockFri, 07 Dec 2012 08:04:58 -0500http://www.businessinsider.com/c/50c1e97a6bb3f7160b00000b
Like said before, no matter the reported number "good or bad" The job situation is still a huge mess
<a href="http://www.dailyjobcuts.com" target="_blank" rel="nofollow" >http://www.dailyjobcuts.com</a>
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